MIT economist Erik Brynjolfsson emails me:
I concur alongside your recent weblog post that "the timing suggests that the 2 trends--the increasing value of educational activity in addition to the ascension portion of the elevation i percent--may move related." But how are they related? I mean value the biggest unmarried element is the digital revolution, which is boosting the economic scheme in addition to benefitting you, me in addition to Paul Krugman, land leaving many people behind. The median worker's skills in addition to our institutions aren't keeping upward alongside accelerating technological change.
I hash out this inwards my real curt novel ebook (about 20,000 words) alongside Andrew McAfee called "Race Against the Machine: How the Digital Revolution Accelerates Innovation, Drives Productivity in addition to Irreversibly Transforms Employment in addition to the Economy". In it, nosotros attempt to reconcile the fact that the 2000s has been the best decade since the 1960s for productivity growth, meliorate than the roaring 1990s even. And all the same median reward accept largely stagnated in addition to usage genuinely has fallen since 2000. We attribute this inwards business office to the fact that tech. progress is driving productivity fifty-fifty has it leaves many types of workers behind. In fact, a large grouping has been made worse off, fifty-fifty every mo those alongside educational activity in addition to talent accept gained immensely, in addition to opportunities for entrepreneurs are meliorate than ever. In my judgment, the underlying trends are on rails to accelerating inwards coming years.Sumber https://gregmankiw.blogspot.com/
